Sales And Marketing-focused AI Startup RevSure.AI Raises $10 Mn Funding
RevSure.AI, a sales and marketing-focused AI startup, has raised $10 million (Rs 82.5 crore) in a seed funding round co-led by Neotribe Ventures and Innovation Endeavors. Operator Collective and Correlation Ventures also participated in the funding round.
As per the startup, the freshly raised capital will be used for product development, hiring and customer acquisition.
RevSure AI | Sales Pipeline Readiness
Founded by Deepinder Singh Dhingra in 2021, RevSure.AI provides business-to-business companies with insight into pipeline generation health and how to prioritize marketing investments.
It helps B2B SaaS companies reduce the uncertainty around revenue growth through Sales Pipeline Readiness and enables marketing, revenue, sales, and leadership teams to predict, generate and accelerate their pipelines. The startup counts companies like Zeotap, BigID, and SnapLogic, amongst others, as part of its client portfolio.
Speaking about the development, Deepinder Singh Dhingra, Founder of RevSure.AI, said,
“Pipeline health is the missing link in driving predictable and profitable revenue growth, which is critical in the current economic climate, adding AI-based predictive insights into pipeline effectiveness and health will allow companies to focus on predictability for outcomes, acceleration to revenue and effectiveness or quality and efficiency.”
Rise Of AI
Recently, there has been a growing wave of AI-based startups offering tools that are getting widely adopted across segments, including investing, medical and data analysis. But the AI craze reached a level higher with news of Microsoft’s enormous $10 billion investment into OpenAI — the creator of ChatGPT.
Last month, Course5 Intelligence, a Mumbai-based data analytics and AI startup, raised $28 Mn from 360 ONE Asset Management. The same month, Jarvis, a Mumbai-based artificial intelligence (AI)-based investment platform, raised an undisclosed amount in a funding round from Bestvantage Investments and Hem Securities Ltd to develop the technology stack further and scale up its user base.
Last year in September, data analytics startup Sigmoid raised $12 Mn in a Series B round led by existing investor Sequoia India for market growth, expansion of delivery centres, and focus on newer industry segments.
Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.